Market Overview
Polyurethane Cables offer increased chemical and mechanical resistance, making them ideal for industrial settings that require extended periods of operation. These cables are resistant to oil and salt spray and can withstand temperatures as high as 40°C. Although they should not be used in high-temperature environments, they are often found in industries that require high-performance electrical cable products. For these reasons, they are ideal for a variety of industrial applications. These cables can withstand the extreme conditions of harsh environments. They are flame and halogen-free, as well as halogen-free. These qualities make them ideal for applications involving high-static flexing.
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Competitive Landscape:
Key companies involved in the global polyurethane cables market are SAB Bröckskes GmbH & Co KG, Lapp Limited, Eland Cables, Hueson Corporation, Alpha Wire, ALLIED WIRE & CABLE, INC., HARTING Technology Group, Molex, LLC, MacArtney A/S, Belden Inc., LEONI Kabel GmbH, and HELUKABEL USA.
Market Dynamics
Increasing demand for polyurethane cables from the chemicals and automotive industries is expected to boost the global polyurethane cables market growth over the forecast period. Polyurethane cables are widely used across the automobile industry in seating, instrument panels, exterior panels, cables & wires, engine encapsulation, etc. as an alternative to metal. The global automotive industry has witnessed significant growth in the recent past. As per the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally.
However, stringent government regulations are expected to hinder the global polyurethane cables market growth over the forecast period.
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Impact of COVID-19
The global automotive polyurethane cables market witnessed a major negative impact due to the COVID-19 pandemic. With stringent lockdowns in many countries, demand for polyurethane cables was hindered. Furthermore, regulations on physical distancing led to a temporary disruption in manufacturing activities in the automobile sector. However, the demand for polyurethane cables is expected to increase with several countries easing their lockdown rules.
Key Takeaways
The global polyurethane cables market is expected to expand, registering a CAGR of growing demand for lightweight materials to reduce fuel consumption in automobile vehicles.
Among regions, North America is expected to witness significant growth in the global polyurethane market during the forecast period. This is owing to increasing sales of passenger vehicles in the region.
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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